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Click here for more details on exchange rates. Before adding or updating Exchange Rates, we recommend that you decide if you want financial documents to be created using the latest rate or inherit the rate from related documents. Once you have decided, you need to set up the Invoice Exchange Rate Default option by navigating to Company Details > Company Settings.  

Inherit Exchange Rate - if this option is selected, new documents created will inherit the rate of the related document. For example, an Invoice will retain the exchange rate from the Cost Estimate.

Use Current Exchange Rate - if this option is selected, new documents will be created using the current exchange rate. For example, an invoice and its related CE can have unique rates if they were created in different time periods, with different prevailing rates.

Find out how to:

Step-by-step guide

  1. Click the Settings button on the Ribbon. 

  2. On the Configuration screen, click on Edit Exchange Rates in the Configuration tree.

  3. The Edit Exchange Rate screen appears.  You can add, change, and delete exchange rates from this screen.

     Adding an Exchange Rate

    1. Click the Add New button to add a new line.

    2. In the line added, select the new Currency you want to add.

    3. Enter the rate in the Bank Buying and Bank Selling fields against the new currency.

     Updating an Exchange Rate

    1. Enter the new rate in the Bank Buying and Bank Selling fields against the relevant currency.

      Notice that the Start Date has been updated to the day the rate was updated. You can also see the last day that the exchange rate was modified.

  4. Save changes made to the screen.

  5. Once the exchange rate is added/updated, you can create your financial documents e.g CEsTax InvoiceSupplier Invoice.

Automatically update exchange rates

You can automatically make use of the most current exchange rates, by following the steps below:

  1. On the Settings screen, click on Company Configuration to expand it and select Company Details.

  2. The Company Details screen appears. Click the Company Settings tab and select FloatRates in the Auto Update Exchange Rates From field. 

As financial documents get created in Chase, the relevant rate will be applied as per your selection in the Invoice Exchange Rate Default field

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